Company Valuation: New Concepts Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 161.6 591.5 1,085 481.8 61.03 224.7
Change - 266.01% 83.46% -55.6% -87.33% 268.19%
Enterprise Value (EV) 1 523.5 792 1,360 813.9 442 541.6
Change - 51.3% 71.68% -40.14% -45.7% 22.54%
P/E -2.75x 117x -44.9x 167x -0.76x -3.11x
PBR 1.61x 3.1x 3.02x 1.21x 0.19x 0.64x
PEG - -1x 0x -2x 0x 0.1x
Capitalization / Revenue 0.27x 0.9x 1.99x 0.77x 0.07x 0.3x
EV / Revenue 0.89x 1.21x 2.49x 1.3x 0.48x 0.73x
EV / EBITDA -9.46x 71.2x -78.5x -60.6x -7.28x -29.3x
EV / EBIT -5.86x -51.9x -32.3x -21.5x -5.07x -13.9x
EV / FCF -2.12x 10.1x -5.67x -16.9x 8.17x -80.5x
FCF Yield -47.1% 9.89% -17.6% -5.9% 12.2% -1.24%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.8474 0.053 -0.1603 0.018 -0.5025 -0.3148
Distribution rate - - - - - -
Net sales 1 591.5 654.9 545.2 628.2 929.2 737.1
EBITDA 1 -55.34 11.13 -17.32 -13.43 -60.7 -18.5
EBIT 1 -89.33 -15.26 -42.05 -37.87 -87.19 -38.92
Net income 1 -55 5.504 -20.8 2.863 -80.71 -58.36
Net Debt 1 361.9 200.5 274.6 332.1 380.9 316.9
Reference price 2 2.3300 6.2000 7.2000 3.0000 0.3800 0.9800
Nbr of stocks (in thousands) 69,359 95,402 150,719 160,613 160,613 229,303
Announcement Date 14/07/21 15/07/22 24/07/23 16/07/24 30/07/25 30/07/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 17.83M
34.48x4.9x14.73x0.87% 40.26B
-63.11x3.97x12.91x0.13% 15.43B
1498.5x3.35x14.65x-.--% 5.72B
26.87x1.73x8.4x2.88% 4.13B
11.14x - - - 3.69B
10.32x - - 4.37% 3.59B
13.96x - - - 3.4B
Average 218.88x 3.49x 12.67x 1.65% 9.53B
Weighted average by Cap. 121.03x 4.34x 13.90x 0.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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